4113 G StPhiladelphia, PA 19124

  • Retail properties
  • 9,206 SF
For Sale
$2,567,847 View listing

Property Details for 4113 G St

Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.97 AC
Property size (Sq ft)
9,206 SF
Zone code
I2
Property type
Retail properties
Property subtype
Retail space
APN
88-2-1640-20
APU
882164020

Description

This exceptional investment opportunity presents a fee-simple ownership of a 9,026 square foot retail property located at 4116 G St, Philadelphia, PA 19124. The property is currently 100% occupied by a portfolio of Dollar General, Dollar Tree, and Family Dollar stores under an absolute NNN lease with a credit-rated corporate guarantee. The lease boasts a remaining term of six years with six, five-year renewal options, each including a 10% rent increase. A significant 10% rent bump is also scheduled for 2025. The current lease expires September 30, 2030. The property features a 7.85% cap rate and a net operating income (NOI) of $201,576. Built in 2015, this upgraded brick building sits on a 0.97-acre lot in a dense retail corridor with high traffic counts exceeding 26,183 vehicles per day. Nearby national tenants include CVS, Marshalls, Pep Boys, and numerous other well-known brands. The property benefits from its proximity to Philadelphia International Airport and St. Christopher's Hospital for Children. The surrounding area boasts approximately 928,428 residents within a five-mile radius, with an average household income exceeding $348,059. This property offers a compelling combination of strong tenant occupancy, a favorable lease structure, and a prime location within a thriving market. The asking price is $2,567,847.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,570,322
    6.5%
    $2,372,605
    7%
    $2,203,134
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,031,197
    Geo Method
    $3,031,197
  • Alternative Use

    Use
    Valuation
    Residential
    $2,001,381
    Hospitality
    $1,833,254
    Educational
    $1,525,246
    Medical
    $1,577,702
    Retail
    $2,372,605
4113 G St, Philadelphia, Pennsylvania

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
40.011
Longitude
-75.1117
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$28,914
$1,445,907
$619,693
$2,065,600
-
$1,445,907
$619,693
$2,065,600

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